Chapter 11 bankruptcy

Filing for Chapter 11 bankruptcy is a process of relief available to businesses, corporations, partnerships etc. When a business becomes unable to pay its creditors, yet desires to continue operation, Chapter 11 is an important option to consider. Filing under this Chapter allows the business to terminate, amend and/or modify certain liabilities that may have become burdensome to the business. Although Chapter 11 is normally considered a business bankruptcy, individuals may also file under Chapter 11. Most individuals wishing to reorganize their debts file under Chapter 13. However if your unsecured debt exceeds $360,475 or your secured debt exceeds $1,081,400, you would be required to proceed under Chapter 11.

Chapter 11 Bankruptcy can last anywhere from months to years depending on the complexity of the business environment. To discuss the process of Chapter 11, please contact Skrupa Law Office to schedule a free consultation.

Skrupa Law Office COVID19 Response. Click Here:

In an effort to stop the spread of the COVID19 we at Skrupa Law Office are abiding by the rules set by the CDC. We are requesting that clients, as well as those seeking our services, do the following:
Please call our office at 402-571-2900 where our attorneys can and will take consultations over the phone.

We are not accepting office visitors at this time.

Our aim is to provide a safe working environment for our employees as well as our clients.
PLEASE CALL OUR OFFICE AT 402-571-2900 WHERE OUR ATTORNEYS AND STAFF ARE AVAILABLE AND READY TO ASSIST YOU IN YOUR DEBT RELIEF NEEDS.
Thank you for your understanding.
Skrupa Law office, LLC